23 East Airy Street, Norristown, PA 19401  ·   215-627-6434  ·  

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Consolidated Fund

Established in 1926, The Church Foundation (TCF) is a Pennsylvania nonprofit corporation, run by a board of directors made up of three clergy, twelve laity and chaired by the Bishop of the Diocese. One of the responsibilities of the TCF is overseeing the Consolidated Fund (CF), a balanced fund of stocks and bonds.

By coalescing assets, the CF allows parishes and institutions of the church access to professional investment management services of high quality and reasonable cost under the oversight of TCF that they could not otherwise participate in.

The Church Foundation provides excellent customer service. I also enjoy the clear, concise and timely reports that TCF provides on a monthly and quarterly basis. The Episcopal Diocese of Pennsylvania

Benefits:

Competitive rate of return—the CF strives to maintain low financial risk while still providing a competitive rate of return.

Income —participants receive regular income payments.

Low cost—as a non-profit entity, our management fees are calculated to cover administrative and operational costs only.

Professional Management—TCF provides fiduciary oversight, and under the guidance of the TCF Investment Committee, the investment managers of the Consolidated Fund (CF) have consistently provided participants a diverse mix of investments including high quality domestic and global equities, fixed income and alternative investments, providing a source of cash flow to participants.

Purchasing Power—TCF gains access to investment vehicles that the many individual church related institutions would not be able to access.

Policies:

Accounts—participants may set up any number of accounts within the Consolidated Fund. Participants will receive a quarterly statement indicating account balances and fund performance.

Allocations—a proportionate share of gains or losses and fees are applied to each participants account and reported at the end of each quarter.

Contributions and withdrawals—participants may contribute to, or withdraw funds in accordance with each fund’s governing documents.

Income distributions—participants may request quarterly, semi-annually or annual income distributions paid from each account. Typically, distributions are made in April, July, October and January.

Fees—management fees are very competitive, assessed quarterly and reviewed annually.


How It Works

The Consolidated Fund is a common trust fund similar in design and function to those maintained by commercial trust companies and banks.

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Quarterly Performance Reports

The Consolidated Fund has proven to be a safe and reliable long term investment vehicle since its inception.

See recent Quarterly Performance Reports below for more information:

2020 Quarterly Reports

  • 2020 Quarter 4 Report
  • 2020 Quarter 3 Report
  • 2020 Quarter 2 Report
  • 2020 Quarter 1 Report

2019 Quarterly Reports

  • 2019 Quarter 4 Report
  • 2019 Quarter 3 Report
  • …
Read More »

Consolidated Fund Audited Statements

Impeccable record keeping and clear and efficient operational processes are important to us at the The Church Foundation, and our reliability is exemplified through our external audits of the Consolidated Fund.

As is procedure, records are retained for seven years:
  • Financial Statements: Year Ended December, 2019 and 2018
  • Financial Statements: Year Ended December, 2018 and …
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Connect with Us

Lori Daniels
Executive Director
215-220-9886 
Ryan Campbell
Operations Manager
215-621-8310 

Lori Daniels

Executive Director
215-220-9886 |

With The Church Foundation since late 2014, Lori is an administrative professional who began her career at Puget Sound Energy in Bellevue Washington as a Business Analyst. After relocating with her family to Alexandria Virginia, Lori was the Resource Room Coordinator for the Center for the Ministry of Teaching on the campus Virginia Theological Seminary. In 2011, Lori moved to Exton Pennsylvania and was the office manager for Echoes, a public radio program, distributed by Public Radio International before accepting the position as Operations Manager at The Church Foundation.

The Board of Directors of The Church Foundation named Lori the Executive Director of The Church Foundation, effective July 1, 2019.

Lori holds a B.S. in Finance from the University of Maryland University College, is an avid reader and knitter, and enjoys biking, hiking, and traveling.

Ryan Campbell

Operations Manager
215-621-8310 |

The newest member of The Church Foundation, Ryan is a management professional with just under 10 years experience. Originally from the greater Philadelphia area, Ryan attended Ursinus College and West Chester University where he played soccer. He began his career working for Pro-Tect Security as a Sales Manager, but he eventually found himself drawn to The Church Foundation’s mission and values. He currently resides there as the Operations Manager.

The Board of Directors of The Church Foundation named Ryan the Operations Manager of The Church Foundation, effective August 26, 2019

Ryan enjoys an active lifestyle. He likes playing and watching most sports, camping and hiking, and spending time with family and friends.

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23 East Airy Street · Norristown, PA 19401
215-627-6434
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